Saving account: Do you also think that keeping money in a savings account is the most safe? In 2025, keeping money in the bank will not make you rich. Inflation is a silent thief, which is slowly eliminating your savings. Today’s understanding and small investments can give you a big benefit tomorrow. Learn how to increase money here.
How much benefit in savings account?
In large banks such as SBI, HDFC, ICICI and Axis banks you get interest from only 2.5% to 2.75% on savings accounts. Some banks like IDFC First Bank also do not exceed 3%. In such a situation, you will probably get interest equal to a plate of Panipuri in a month at 1 lakh rupees.
Real work is badly doing inflation
On an average, 5% -6% inflation runs in India. If you are getting only 2.7% interest and inflation is 6%, then your money is losing your value up to 3% every year. That is, today’s 100 rupees will be made like only 94 rupees next year.
Money was stupid
Many experts believe that if you do not just give an employee to sit, then why keep your money without work? “Keeping more money in a savings account means losing a big chance.
What to do?
You should keep as much money as expected for only 3 to 6 months in a savings account. The rest should invest wisely.
Better option than savings account
Liquid mutual funds provide about 6.9% returns, tax relief and immediate money withdrawing money. Even the best option to park money for 1-2 days is Mita. It gets a return of 6.3 percent. Short term date funds get a little more return. Fixed deposits who are very conservative, the right option for them.
Small money can also benefit a big benefit
Nitin Kaushik advises that you do not necessarily start with millions. Even if 500 rupees a month is put up in the right place, a good fund can be made over time.
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